Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1887-06-02
RICHMOND TOBACCO MARKET.


Itcannot be denied that our market seems
much more active for the past week than IL has
been for months back, but Just the nature and
cause Of this additional life Is what interests
the dealer in tobacco chiefly. Is the market
solid at the advance, and what OF the future, is
what all interested would like TO have IA
thomed, CT course. Let's examine and reason
Western leaf and Tugs, old and new, led the
advance two weeks ago. Heavy receipts not
withstandiDg up went prices, till to-day In
low grades we have so to 70 per cent gain in val
ues In a short while. Western leads as a filler
crop, and is a great factor In shipping tObac
co, 80 slowly our own Virginia markets have
FELT the influence Of prices there, and tits true
the interior loose markets stiffened FIRST. Tho
direct effect has been some larger sales Of Bur-
leys here to manufacturers aud dealers. While
some leaf has been shipped here from the
West no inconsiderable quantities have been
returned there 10 meet higher market
Dealers here prohted in the advance, while
some sent back were unsold consign-
ments As matter OF fact our Virginia
leaf Is not substitute for western leaf either
for manufacturing or shipping, but purely in
sympathy our prices for dark have stiffened
some in low grades, and on higher grades Of
heavy, rich, dark leaf prices may be quoted
from 10 &C. higher. However, but very little
dry-order shipping has been disposed Of 20
fully test the market yet. New upland Tugs
are in better demand, and can be- used as ship
pers or fllers at home; but there are lots OF
them, and much old common stock 10 compete
with sales. Cutters have been high all the
year, old aud new stock has been bought at
continued advances, and stocks are small on
sale, but manufacturers have been good buyers
all along In all markets. No doubt medium
and good grades will come In for better figures
now. The past weeks shipments OF good old
English bright shippers at i0H 70 isXe. have re-
lieved the market TO some extent; besides this.
strips have been going over to England quite
freely, while q Canadian manufacturer has
recently been large buyer OF allers In this
market Medium old aud common new wrap
pers have been more ssiable for the past week.
There has been some money made on the
new. but generally heavy losses on all old stock
sold lately; indeed in old brlghts, excepting
cutters. nearly all sales have lost money TO
holders. These have been active In this sense
that they we're heretofore almost unstable.
While manufacturers here and elsewhere have
bought some, yet SPECTATORS have been more
at work. One thing Is undouoted Is that
plug goods are very dun, stocks OF manufac-
tured large, and the leading Danufscturers
have good stock OF leaf that they ara apt TO
work up before they take hold OF any boom
very heartily. There Is no advance 10 plug
yet Cigarettes are doing remarkably we'll,
| however. A short crop has no doubt boen con-
templated, less land prepared, q bad stand
the cut-worm, cool weather, bugs. AMI IDEAS are
all drawback, but there Is time yet for the
planter to got In q bigger crop. and they will
try Il when II seems possible, 30 dealers should
| take heed, as they are not out OF tho woods yet
some grades are, however. low enough for .
long pull, and Il Is time that the patience Of
many was rewarded, and q good ANAL crop vii
| help all hands alike.
There are lots Of tobsccos here stiil fol
which no good offers are obtainabls. ani Il
| would seem unwise In those who want sales u
DO holding for fancy prices, especially on com
mon and medium stock, Jet 10 sesms soms
shippers are expecting . per cent or more
| than others arc trying 70 sell At now.
Considerable tobacco Is moving ont Of ware
| houses Msrket to-day modsrsvely sctivs "